Basel Committee on Banking Supervision

Basel Committee on Banking Supervision

An organization that seeks to provide a supranational framework for banking regulation. It prepares major overhauls to regulatory systems, such as the Basel II Accord. It does not have enforcement authority, but rather makes recommendations to member countries. It was established by the central banks of the G-10 in 1974. It is also called the BIS Committee. It takes both its names from the fact that it meets four times per year at the Bank for International Settlements (BIS) in Basel, Switzerland.

The central bank governor of Spain, Jaime Camana, is presently chairing the Basel Committee on Banking Supervision that last year got the green light from the G10 governors for the new capital standard known as Basel II.

The Basel Committee on Banking Supervision, an international organization of bank regulators, recently expressed its support for the International Accounting Standards Committee's (IASC) set of core accounting standards, based on its own comprehensive review.

Last year, the worldwide Basel Committee on Banking Supervision, operating under the auspices of the Bank for International Settlements, published proposals for a new supervisory capital-adequacy framework that would supercede its widely adopted 1988 capital accord.

Maziar Peihani presents a comprehensive examination of the literature on the Basel Committee on Banking Supervision (BCBS) and the contribution of the committee toward the regulation of global banking, despite its lack of any formal supranational authority.

Drawing on a recently conducted survey by the Heads of Supervision under the aegis of the Basel Committee on Banking Supervision, participants concurred that the adoption of forward-looking RBS was one of the key challenges for supervisors.

The Basel Committee on Banking Supervision is weighing updating its standards for capturing interest-rate risk on assets banks plan to hold to maturity, Stefan Ingves, the regulator's chairman, said in an interview.

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